NIP Group Adds Bitcoin Mining Rigs for 247M Shares, Lifts Hashrate to 13.85 EH/s
The esports company behind Ninjas in Pyjamas issued more than 247 million shares for its third rig batch, targeting 195 BTC monthly while eyeing AI computing.
At a glance
- What happened
- NIP Group issued over 247 million Class A shares to purchase its third batch of Bitcoin miners, expanding total capacity to 13.85 EH/s.
- Why it matters
- The company targets 195 mined Bitcoin monthly while reserving the option to convert infrastructure to AI compute if returns exceed mining.
- Who is affected
- NIP Group shareholders, who saw equity diluted and stock prices slide 40.7% to $4.
- What's next
- Deployment of the new hardware tranche with minimal ramp time alongside operational tracking of potential HPC conversion margins.
- Primary source
- decrypt.co: Why This Team of Ninjas Is Tripling Down on Mining Bitcoin
Key points
- NIP Group acquired its third batch of Bitcoin miners via the issuance of more than 247 million Class A shares, reaching 13.85 EH/s 1.
- The added mining capacity increases the organization's monthly yield target to approximately 195 Bitcoin 1.
- NIP Group's stock fell 40.7% to a record low of $4 following the expansion announcement 1.
Esports and digital entertainment company NIP Group has finalized the acquisition of a third batch of $BTC mining equipment, issuing over 247 million Class A ordinary shares to fund the transaction 1. The expansion brings the company's total mining capacity to approximately 13.85 exahashes per second (EH/s), positioning the organization to produce roughly 195 Bitcoin per month 1.
Hicham Chahine, founder and chief executive officer of NIP Group, stated that the company chose to expand operations during a period of market cooling rather than chasing peak cycle conditions 1. According to Chahine, an internal corporate review targeted profitability margins across all business divisions, ultimately validating the mining division's operational viability 1. The latest equipment tranche expands the company's previous monthly production target of 160 Bitcoin by an additional 35 coins 1.
Market Reaction and Potential AI Pivot
Despite the operational scale, market reaction to the pivot has been steep. Shares of NIP Group dropped 40.7% from $6.74 to an all-time low of $4 following the announcement 1. Over the same timeframe, Bitcoin slipped 2% to $79,820 1, with $BTC trading at $79,739 at the time of writing.
Like many public Bitcoin miners, NIP Group is monitoring compute alternatives 1. Chahine noted that the underlying data center infrastructure could be transitioned to support artificial intelligence and high-performance computing (HPC) workloads if commercial commitments and margins outpace mining profitability over sustained intervals 1. He acknowledged that while dedicated mining rigs cannot immediately process AI workloads, the physical facility footprints and electrical capacity provide the operational base required for prospective conversions 1.
Sources
- [1] Why This Team of Ninjas Is Tripling Down on Mining Bitcoin — decrypt.co, October 27, 2026
Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.
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